BGF Initiates Quebec Phosphate for the Progress of Its Phosphate Projects for LFP Batteries
BGF Initiates Quebec Phosphate for the
Progress of Its Phosphate Projects for LFP
Batteries
Montreal, Quebec--(Newsfile Corp. - June 16, 2023) -
Beauce Gold Fields
(TSXV: BGF)
(Champs
D'Or en Beauce),
("BGF" or the "Company") is pleased to announce it will use the Quebec Phosphate
banner to promote and advance its 21 prospective phosphates (P2O5) properties throughout Quebec
and for the evaluation of new technologies for phosphoric acid production.
Phosphate is used in
agriculture and is a critical component in producing lithium iron phosphate (LFP) batteries, which are
increasingly used in electric vehicles.
Patrick Levasseur, President and CEO of Beauce Gold Fields, said, "Under the Quebec Phosphate
banner, we will explore our new phosphate properties and seek innovative technologies to process our
phosphate rock for the production of phosphoric acid for LFP batteries."
Quebec Phosphate Logo
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Quebec Phosphate's Objectives:
Research and development for new innovations to improve legacy thermal processes of
phosphoric acid production
New innovations have the potential to significantly improve the polluting legacy thermal processes
involved in phosphoric acid production. Traditionally, these actual processes generate large amounts of
greenhouse gases, consume substantial energy, and produce harmful byproducts. However,
advancements in technology such as plasma reactors and closed-loop systems, offer promising
solutions to mitigate these environmental concerns.
The Company plans to take full advantage of the Quebec's government support and many attractive tax
credits and incentives for battery related initiatives to seek new technologies that could be an added
value to any future phosphate rock deposits.
Explore its highly prospective properties in Quebec for new phosphate deposits
The Company recently announced (BGF press release May 4, 2023) that it has
acquired through map
staking, 21 phosphate projects that are strategically located and are geologically prospective. The
properties were staked throughout southern Quebec and comprised 300 claims totaling 19,935 hectares
that are 100% owned and royalty-free. The Company's selection criteria were to stake properties that
held historical phosphate (P2O5) occurrences or sample data and are accessible for exploration.
Data
was sourced from Quebec's Ministère des Ressources Naturelles (MERN), Système d'information
géominière du Québec (SIGEOM) and the Géofiche databases.
Phosphate Properties in Quebec
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The Company will continue with data analysis to rank the proprieties for their P2O5 potential.
Properties
deemed to have the highest potential will be prioritized for on-site exploration and outcrop sampling.
This
will be done concurrently with the Company's gold projects.
Property
Region
Host Rock
Minerals
P2O5 Grade*
Riv. Cascapédia
Gaspésie
Mudstone
Phosphate
14%
St-Cléophas
Gaspésie
Phosphorite
Phosphate
St-René de
Matane
Gaspésie
Schiste
Phosphate
12%
Manouane Est
Lac Saint-Jean
Anorthosite
Phosphate
Manouane Nord
Lac Saint-Jean
Anorthosite
Phosphate
Manouane
Lac Saint-Jean
Anorthosite
Phosphate
Lac Pic
Lac Saint-Jean
Anorthosite
Phosphate
CH-98-0
Lac Saint-Jean
Leuconorite
Phosphate
8.59%
Des Commissaires
Lac Saint-Jean
Anorthosite
Phosphate-Titanium
6.94%
Carriere du Rang 1
Lac Saint-Jean
Gabbronorite
Phosphate
Riv. aux Outardes
Baie Comeau
Nelsonite
Phosphate
10.7%
St-Michel-des-Saint
Mauricie
Gneiss
Phosphate-Titanium
2.89%
Riv. au Lievre-Well
Laurentide
Pegmatite
Phosphate
Lac Hanson-Sud
Laurentide
Pegmatite
Phosphate
Brockaby
Mont-Laurier
Marbre
Lithium-Phosphate
Bardy
La Tuque
Gaboronorite
Phosphate
Barrage Beaumont
La Tuque
Granite
Lithium-Phosphate
Baie-Obaoca
Lanaudiere
Syenite
Phosphate
4%
Desile-2
Manicouagan
Gaboronorite
Phosphate-Titanium
4.95%
Car. de L'Anse Verte
Côte Nord
Anorthosite
Phosphate
Riviere Nipissis
Côte Nord
Gabbro
Phosphate
*Highest historical grade sampled
Even though the data was sourced from Quebec's MRN databases, the Company cautions investors
to note that historical phosphate P2O5 samples results, grades, mineralization and property
descriptions are conceptual in nature. A qualified person has not completed sufficient work to validate
historical data nor to classify mineral resources as defined by National Instrument (NI) 43-101; it is
uncertain if future exploration will result in any delineated mineral resources.
About Phosphate
Phosphate is a critical nutrient for plant growth and plays a crucial role in agriculture. It is commonly used
in the form of fertilizers to enhance crop yields. However, the global demand for phosphate is increasing
rapidly due to population growth and dietary changes, which could lead to a depletion of global
phosphate reserves in the near future, also known as "Peak Phosphate."
In addition to its use in agriculture, phosphate is also a key component in the production of lithium iron
phosphate (LFP) batteries, which are increasingly used in electric vehicles (EVs) due to their high
energy density and safety features. The LFP battery market is projected to grow significantly in the
coming years, driven by the global push towards EVs.
Tesla, Renault, Volkswagen, and Ford are just a
few examples of electric vehicle (EV) car companies currently using lithium iron phosphate (LFP)
batteries.
The use of phosphate in LFP batteries creates new demand for this critical resource, which could
exacerbate the issue of Peak Phosphate.
Hence the importance of exploring for further new phosphate
reserves.
Jean Bernard, B,Sc. Geo., is a qualified person, as defined by NI 43-101, who has reviewed and
approved the technical information presented in this release.
About Beauce Gold Fields
Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the
Beauce region of Southern Quebec.
The Company's objective is the trace old placer gold workings back
to a bedrock source to uncover economic lode gold deposits.
The Company's flagship property is the St-
Simon-les-Mines Gold project site of Canada's first gold rush that pre-dates the Yukon Klondike.
The
Beauce region hosted some of the largest historical placer gold mines in Eastern North America that
were active from 1860s to the 1960s It produced some of the largest gold nuggets in Canadian mining
history (50oz to 71oz). (Source Sedar: 43-101 Report - Beauce July 4
th
2018, Author B. Violette).
Beauce Gold Fields website
www.beaucegold.com
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend",
"expect", "in the process" and other similar expressions which constitute "forward-looking information"
within the meaning of applicable securities laws. Forward-looking statements reflect the Company's
current expectation and assumptions, and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited to, our expectations regarding
mineral exploration. Such statements reflect the current views of the Company with respect to future
events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in
the Company's on-going filings with the securities regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned
not to place undue reliance on these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statements either as a result of new
information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact
Patrick Levasseur, President and CEO Tel: (514) 262-9239
www.beaucegold.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/170270